Sectors / Category

Annual turnover

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  • Mandate: 32070
  • Added: 21 Apr 2018
  • AFS
  • 227

Low maintenance retail shops in North West

North West, North West
227
Mandate 32070
Added 21 Apr 2018
R 865,000* ZAR
Stock: R 150,000
Assets: R 0
R 26,861 ZAR
Tharien Barnard
Aldes Maxima
Free State, Bloemfontein
Free State, Bloemfontein
Summary

Potchefstroom and Parys retail stores selling biltong, dried fruit and nuts.

Low maintenance retail shops  in North West
SELLING PRICE AFS
R 865,000* ZAR
Stock: R150,000
Assets: R0
R 26,861 ZAR
Summary

Potchefstroom and Parys retail stores selling biltong, dried fruit and nuts.

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Fully describe the business's activities?
Retail in biltong, fruits and nuts. This is 3 single businesses being sold as 1. 2 shops in Potchefstroom, 1 in Parys. Easy to run business and procedures are already in place as owner resides in Bloemfontein

How long has the business been established?
Owner opened the first store in Parys 8 years ago

How long has the owner had the business?
SInce inception

How does the business operate on a daily basis?
Retail shops - there are staff in place at all 3 shops who open and close the stores. Owner does the ordering of stock per store, computor system in place which makes it easily accessible to him. Not many suppliers. Should the buyer reside in Potch, Parys is only 60km away.

How are the clients attracted to the business?
Biltong, Jams, Olives, Olive oil and main lines for fruits and nuts. These shops specializes in fruits and nuts but the added on items from approved suppliers allows for a greater shopping basket.

What Advertising/Marketing is carried out?
National digital and magazine ads. You should do own regional marketing

What competition exists?
Supermarkets also supply many of these lines, yet they package themselves

What are the seasonal trends?
Retail seasons - shops differ. January slowest month and increases towards Dec

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
On request

What percentage of the business is cash/credit?
40% cash 60% card

What is the total staff complement?
1 Permanent per store

Are they on contract?
Yes

How involved is the Owner in running the business?
100% He handles the cashflow, does the books and orders stock. It is not necessary for him to be physically present the whole time as he has procedures in place.

When does the current lease end?
Different times - to be discussed per breakdown

Is there an option of renewal & what period?
Yes 5 years

What is the annual escalation %?
Ave 8%

What are the trading hours?
9h00 - 18h00

What is the square meters of the business?
2 X 14squares 29 squares

Who is the Owner/Landlord?
Different companies - have breakdown and will be discussed

What are the main assets of the business?
COmputor, main furniture and fittings

What is their overall condition?
Working order, one store might need a soft revamp but can still be operated as is

Strengths?
Low maintenance business with procedures already in place. Stock can be rotated between shops. Product shelf life is long.Monopoly in the Free State area

Weaknesses?
Travel to Parys is only 60km, some could see this as a negative but it is not that far and a very profitable store to keep.

Opportunities?
Wholesale. Main distributor will give a list of where they are not supplying directly and there is scope.

Threats?
Supermarkets with their own fruit, nut and biltong lines

What is the reason for the sale?
Owner resides in Bloemfontein and no longer wants to travel so far and often.

Why is this a good business?
This is a very low maintenance business which does not require you to be in the shops the whole day. There are 3 other stores that could be bought along with these 3 in the North West Province.

What is the price plus stock and the net profit?
SP R715 000 Stock R150 000 that could possibly be financed through main supplier NP R27 000pm

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FRANCHISE DETAILS

Aldes Maxima

2 members
14 active mandates
Free State , Bloemfontein
PO Box 28414
3010

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